2022 Best Value Master’s Degree Colleges for Industrial & Management Engineering in Illinois (With Aid)

When it comes to choosing a college, students have a lot of options - but not all of them are good. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Industrial Management Schools for a Master’s in Illinois For Those Getting Aid” ranking.

Industrial & Management Engineering is the 147th most popular major in the country with 5,633 degrees awarded in 2019-2020.

Across Illinois, there were 235 industrial and management engineering graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 219 industrial and management engineering graduates with average earnings and debt of $57,267 and $46,814 respectively.

For this year’s “Best Value Industrial Management Schools for a Master’s in Illinois For Those Getting Aid” ranking, we looked at 4 colleges that offer a degree in industrial and management engineering. Not only do the schools that top this list have excellent industrial and management engineering programs, but they also cost less that schools of similar quality.

Some of the factors we look at when determining these rankings are overall quality of the industrial and management engineering program at the school and the cost of the school after aid is awarded among other things. Check out our ranking methodology for more information.

More Ways to Rank Industrial & Management Engineering Schools

Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Industrial Management Schools for a Master’s in Illinois For Those Getting Aid” ranking, along with many other major-related rankings, to help you make that decision.

In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. Go ahead and give it a try, or bookmark the link so you can check it out later.

Best Value Industrial Management Schools for a Master’s in Illinois For Those Getting Aid

The following schools top our list of the Best Best Value Industrial Management Schools for a Master’s in Illinois For Those Getting Aid.

Top 4 Best Value Master’s Degree Colleges for Industrial & Management Engineering in Illinois (With Aid)

#1

University of Illinois at Urbana-Champaign

Champaign, Illinois

#2 in overall quality

$30,083 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #1 on our 2022 Best Value Industrial Management Schools for a Master’s in Illinois For Those Getting Aid list. UIUC is a large public school situated in Champaign, Illinois. It awarded 93 masters’s industrial management degrees in 2019-2020.

UIUC not only placed well in this ranking. It is also #2 on our “Best Industrial & Management Engineering Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at UIUC are $30,083, but some majors have different tuition rates.

Full UIUC Industrial & Management Engineering Report

#2

Northern Illinois University

Dekalb, Illinois

#4 in overall quality

$11,086 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Northern Illinois University. It ranked #2 on our 2022 Best Value Industrial Management Schools for a Master’s in Illinois For Those Getting Aid list. NIU is a public institution located in Dekalb, Illinois. The school has a fairly large population, and it awarded 17 masters’s degrees in 2019-2020.

NIU did well in our major quality rankings, too. It placed #4 on our “Best Industrial & Management Engineering Master’s Degree Schools in Illinois” list. Average graduate tuition and fees at NIU are $11,086, but some majors have different tuition rates.

Read more about Industrial & Management Engineering at NIU

#3

Northwestern University

Evanston, Illinois

#1 in overall quality

$56,567 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #3 for the Best Value Industrial Management Schools for a Master’s in Illinois For Those Getting Aid. Northwestern University is located in Evanston, Illinois and, has a large student population. In 2019-2020, this school awarded 51 masters’s industrial management degrees to qualified students.

Northwestern also took the #1 spot in our “Best Industrial & Management Engineering Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern are $56,567, but you may pay more or less depending on your major.

Read more about Industrial & Management Engineering at Northwestern University

#4

Illinois Institute of Technology

Chicago, Illinois

#3 in overall quality

$30,695 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Illinois Institute of Technology. It ranked #4 on our 2022 Best Value Industrial Management Schools for a Master’s in Illinois For Those Getting Aid list. Illinois Tech is located in Chicago, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 58 masters’s industrial management degrees to qualified students.

As a testament to the quality of education offered at Illinois Tech, the school also landed the #3 spot in our “Best Industrial & Management Engineering Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Illinois Institute of Technology are $30,695, but some majors have different tuition rates.

Full Illinois Institute of Technology Industrial & Management Engineering Report

• Best Value Master’s Degree Colleges for Industrial & Management Engineering in the Great Lakes Region (With Aid)
• Best Value Master’s Degree Colleges for Industrial & Management Engineering (With Aid)

Notes and References

References

• The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
• Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
• Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

• *Average salary, average net price, and average tuition and fees are for the top schools only.
• Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

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